The start of a new year is approaching, which means fitness equipment retailers are about to see an influx of interest which, with the right financing options, can be converted into sales. Choosing the right financing partner is crucial for exercise equipment retailers, especially during one of the busiest seasons of the year. Join us as we explore how to choose the best consumer financing company for your exercise equipment retail store.
A Frictionless Customer Experience
Fitness equipment is a significant investment. Whether shoppers want a new high-end treadmill or to outfit their home gym with a complete set of free weights –– or both –– they need simple, accessible financing options. When you choose financing providers, you want a partner that provides an easy, fast, paperless application that expedites the sale.
Consumers need affordable, flexible payment plans that give them confidence while increasing their purchasing power. As shoppers explore your equipment in-store or browse your inventory online, introduce consumer financing as quickly as possible. By providing a fast, simple, accessible, and online credit application, you reduce friction in the buyer’s journey and move your customers toward the sale.
UCFS offers a simple and quick consumer application. Shoppers decide on their equipment and apply for financing in your store or from the comfort of their home. The online credit application takes a few minutes to complete. Once approved, the customer eSigns their repayment agreement on their phone, tablet, computer, or the device in your store.
A smooth and straightforward financing application reduces friction in the buying process, streamlining your fitness equipment sales.
A Near-Instant Credit Decision
Investing in exercise equipment can be an emotional decision for many shoppers. Some are embarking on a fitness or health journey and want to make a change in their lives. Others want to expand their current home gym and are trying to determine if they can afford new equipment. Whatever their motivation for visiting your store, UCFS helps them afford to bring home the equipment they want that same-day or schedule the delivery and equipment setup right away, with a near-instant credit decision.
Shoppers browsing new fitness equipment can become overwhelmed by the high costs. A fast credit notice helps keep those feelings at bay by minimizing the time between application and approval. When shoppers get the green light for financing options, they can proceed with the purchase, knowing they can pay for their equipment with low monthly payments instead of a large upfront sum or by charging it to a high-interest credit card.
UCFS provides a credit decision almost immediately. Reducing the time between application submission and the credit decision helps you keep customers excited about their exercise equipment and moving forward with their purchase.
Inclusive Approval Rates
Consumer financing creates affordable pathways for shoppers to purchase fitness equipment, but only if your financing partner offers high approval rates. Financing is only as effective as much as it serves your shoppers. When financing is available to consumers with average credit, you can sell more fitness equipment to more shoppers who might otherwise give up on the purchase altogether.
Financing from UCFS empowers customers to shop independent fitness equipment retailers with the confidence and peace of mind that they can choose the equipment they want and start using it today. The affordability and flexibility afforded by financing with high approval rates allow you to cater to a broader spectrum of shoppers. The more shoppers approved for financing, the more fitness equipment you can sell.
Does the Financing Program Help You Sell More Exercise Equipment?
This is the primary goal of partnering with a consumer financing firm. You want to sell more fitness equipment, and you can do that when you make your inventory more accessible through flexible, accessible financing.
United Consumer Financial Services provides financing solutions that draw shoppers in, help fitness equipment retailers maintain affordability, and enhance consumer purchasing power so you can sell more.
UCFS has served businesses like yours for forty-five years. A division of Marmon, which is a Berkshire Hathaway company, we know the unique challenges and needs of independent retailers. We’ve built our program to proactively meet your needs so you can focus on selling more and expanding your business.
- Prompt Payment for Consistent Cash Flow
Maintaining positive cash flow is crucial for independent fitness equipment retailers. Whether covering overhead costs or beefing up inventories with the newest models and equipment, fitness equipment stores rely on cash flow to invest back into their businesses. UCFS delivers payment to your account within one to two days after your customer signs their contract and buys their equipment so that you can access your funds as soon as possible.
- Marketing materials for your store
The United Consumer Financial Services marketing team is ready to help retailers with signage promoting low monthly payments. For example, hang tags can be provided with the low month payment amount. Or, signage can be provided, with the same-as-cash offer. Making shoppers aware of the monthly payment amount for their treadmill choice can help retailers close more sales.
- Customer support
Our US-based customer support team assists you and your staff with our financing expertise, answering your questions and ensuring you understand the ins and outs of our services.
- Staff Training
We train your team to market your financing options to attract more customers and facilitate more equipment purchases.
- Loan Repayment
We handle consumer repayment for the life of the loan. Your team isn’t responsible for customer follow-up or collection; we take care of that for you, freeing up your time, energy, and talent so that you can pour it all back into your business. (Note: first payment defaults not included)
Financing that Serves You and Your Customers
Your financing partner plays a major role in your success and your customers’ experiences with your store. UCFS offers high approval rates and low, affordable monthly payment options that make your fitness equipment accessible to the most shoppers. All the while, prompt repayment ensures your profits are where they belong: in your hands.
UCFS helps independent retailers sell more fitness equipment. And the best part is that we make it easy for your team. Becoming a merchant is easy, and you can get started today.
Connect with our team to learn how choosing UCFS for consumer financing helps you serve customers with affordable installment loans that allow them to select the fitness equipment they want – today!